Job Description

Requisition ID: 252511

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The role:

The Regulatory Reporting team manages and oversees financial regulatory reporting for the Bank and assigned subsidiaries. This includes: governance of the process, including monitoring all Bank compliance with filing requirements; change and project management for new or enhanced returns; relationship management with regulators [e.g. Office of the Superintendent of Financial Institutions, Bank of Canada, the Autorité des marchés financiers,Statistics Canada, Provincial Regulators, Securities and Exchange Commission, the Depository Trust and Clearing Corporation, US Federal Reserve, and Canada Deposit Insurance Corporation], completion of returns on time (monthly, fiscal quarterly, calendar quarterly, semi-annually, annually, and ad-hoc filings to regulators) , performance of variance analysis, response of regulatory inquiries, internal information providers, participation in Canadian bankers Association meetings and etc.

Reporting to the Senior Manager, Regulatory Reporting, the manager will contribute to the overall success of the regulatory reporting and project implementation efforts within the team. This role is to establish a dedicated Quality Assurance resource to support the initiative to replace the legacy consolidated data feed and develop individual source feeds in partnership with GFT and source data owners. The position will provide robust end to end support, including defining testing requirements, leading working group discussions with GFT, and executing detailed testing of the new feeds that will directly impact multiple regulatory returns.

Beyond project delivery, this role will also strengthen and expand the Quality Assurance framework. Responsibilities will include managing the team attestation process and control checks, conducting deep dive second level reviews of high risk regulatory returns, performing analytical reviews of returns against published financial statements and regulatory requirements, identifying opportunities to improve processes and data quality, and driving ongoing efficiencies and enhancements to manual processes supporting high risk filings.

Is this role right for you? In this role, you will:

• Contribute to the end to end finance transformation project related to deposits source feed, including the development of the overall requirements, test strategy, detailed planning, execution of test scenarios, documentation of evidence, and coordination of final sign off.
• Establish and maintain comprehensive requirements traceability, ensuring alignment between business requirements, system functionality, data lineage, and transformation rules.
• Perform deep dive testing on prioritized regulatory returns, assessing data accuracy, identifying calculation or assumption gaps, and recommending opportunities for process or control improvements.
• Strengthen and enhance manual entry controls process for high risk returns and standardize the documentation, to reduce exceptions, minimize errors, and improve overall data quality.
• Produce high quality, audit ready documentation, including test plans, traceability matrices, evidence packages, and sign off records, while providing support for internal and external audits.
• Collaborate effectively with cross functional teams, facilitating discussions, clarifying requirements, and managing stakeholder expectations throughout the testing lifecycle.
• Define, monitor, and report on key QA performance indicators, using insights to drive continuous improvement and advance the maturity of the QA framework.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champion a high-performance environment and contributes to an inclusive work environment.

Other projects and initiatives as required:

• Manage ad- hoc projects as assigned by Senior Manager/Director or other areas in the group.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• Accounting designation (CPA or equivalent preferred but not mandated) with minimum of 4 years of experience in regulatory or financial reporting role or finance transformation, preferably with financial institution is considered an asset.
• Bachelor’s degree with specialization in accounting or finance required.
• Experience in system implementation, including requirements gathering, testing, defect management, and supporting go live activities.
• Strong analytical, conceptual, problem solving and organizational skills.
• Ability to manage conflicting requirements, manage priorities, time and resources appropriately. A multitasking individual is required to be able to cope with a diverse range of issues.
• Good team building skills, working with diverse groups to resolve issues and identify efficiencies.
• Solid communication skills (written & oral) and interpersonal skills with a strong ability to establish relationships with internal stakeholders, including senior management and external regulators.
• Ability to work in fast-paced environment and develop strong relationship with key business partners across the bank such as GRM, Technology and Compliance.
• Strong PC skills with emphasis on Excel, PowerPoint and Word.
• Sound knowledge of the Bank’s reporting systems such as OBI/EGL, UI, CDM, Axiom, Power BI and regulatory reporting system RRS.
• Good understanding of risks and controls in the production environment (around systems, manual inputs, and working files), ensuring implementation of changes, on-going maintenance and strengthening of the control environment.
• Preferred attributes include attention to details, independent, flexible, curious, proactive, and a self-starter.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!

• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!

• Your career matters! You will have access to career development and progression opportunities.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.